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20121201
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Search Results 0 to 10 of about 11 (some duplicates have been removed)
was facing the prospect of uncertainty as mario monti appeared to be on the prospect of resigning. that pushed the stock market into a downward slide. >> in the last couple of hours, prime minister mario monti has come out and said he is not planning to step down in the near future after all, and that the nervous reaction in the markets should not be dramatized. >> investors are already nervous about what mario monti's early departure could spell for the eurozone. his tough 2013 budget, targeting a deficit of just 1.8% of gdp, is expected to pass by christmas. the financial reformer postretirement would effectively move italy's next election forward by just -- reformer's retirement would effectively move italy's next election forward by just a month or two. berlusconi announced he would run again for prime minister. in a newspaper interview, the head of the euro bailout fund said that could mean more financial trouble ahead for italy and for the eurozone. italy has pushed through important reforms in the past year, he said. markets have honored this so far. however, they have acte
of suspense, mario monti said he will not run for reelection. but he could lead of future italian government. and the head of the u.s. gold lobby goes on -- the u.s. gun lobby goes on television to defend his position that guns should be in every school. and trouble in south africa. hello there. welcome to the program. all they were trying to do was buy bread. it turned into a tragedy in central syria. dozens of people are reported to have died when the bakery they were queuing at was destroyed. the un envoy arrived in syria for more talks. we have this. >> panic, chaos, anger. this is the aftermath of what the opposition says was an air strike carried out by a syrian fighter jet. those killed and wounded were queueing outside a bakery. only five days ago, this area was under the control of government forces. the rebels recently opened a new battle for this section of central syria. the state still has superior firepower to the strike back. the government says it is willing to engage in dialogue, but the other side is not. >> i have general advice. time is getting short. hurry and move towar
will run for prime minister and has criticized the work of mario monti in the last few months. mario monti was talking about silvio berlusconi's ideas. it would be wonderful if the things could be scrapped. he has come out with popular statements that we will scrap what monti has done. monti has said it is not possible because italy needs the money. he is laying out an agenda. he was still doing it and will live. they are things he hopes will take place next february. we do not know what party will play in the government. he has not announced who will run as. mr.. will he play any part in the next government? will he allow them to use his name? we do not know yet. we will listen. >> the vote is over but not the controversy. the muslim brotherhood says the people who voted in favor of the new constitution. official results will not be known until a released monday. the draft constitution would represent a significant political -- tryout -- triumph for morsi. >> this result will not help healing any rifts between the opposition and president. the onus will be on the leadership of both sides
, mario monti has ruled out running in the february elections. he said he would consider leaving a future government is asked to. the as political parties not to destroy his achievement in saving the country from crisis. >> on sunday mario monti announced his plans for the future. two days after his resignation. >> i am not joining any specific party. i like the parties and the social class is to take home these ideas. or any other ideas. we need to come up with ideas. i hope the ideas here will be adopted by the vast majority of parliaments and also that it will bring new energy to the debate. >> it will not run directly into the next elections. he said to be ready to leave the country again. on one condition. at the next ruling party followed the strike plan of reforms said to bring its early back on the path of economic growth. he was forced to resign on friday, months before the end of his term after berlusconi's party withdrew their support. berlusconi says monti could not follow. after the press conference mario monti returned here in the officials prime minister residence. where he
% loss. >>> and prime minister mario monti and sylvia berlusconi escalate. >>> hsbc agrees to pay a record $1.9 billion fine over money laundering charges. >>> and one lawmaker offers an olive branch to the white house regarding the fiscal cliff. >>> gains for most european stocks yesterday outside of italy. and we sort of continued that trend today. the xetra dax just about on its 52-week high. the cac 40 hit a 52-week high yesterday. the xetra dax up around .the %. yesterday, we saw a real back up in yields at the ten-year level sustained for italy. really across the curve. today, we're seeing a bit of a rebound in place. yield falling 5.55%. italy, down to 4.8%, just about. bund yield is moving a little higher. pretty much a mirror image of what we were looking at yesterday, ross. >> tourism in the region has declined, but how badly has the travel sector been hit? the value of tourism as an industry still represents 5% of gdp. but european market share continues to fall off in the last decade, for more, we have the ceo of the european travel commission joining us. why have we s
for italy. suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusconi is a formidable campaigner. he will tell people that he will ease their economic agony. he will cut their taxes. some, at least, will like the sound of that. >> modern technology has given us medical adv
for government and mario monti possibly exit in -- this has the markets very worried. the cost of borrowing for the italian government was 7.5%. it's one of the reasons silvio berlusconi was outed. mario monti came in as the leader of this technocrat government. he had to walk a tightrope. he had to calm the market. he did that. the cost of borrowing came down. the markets and investors look at this uncertainty and they are all over the place. the cost of borrowing is on the way up, and the market has fallen. the main one is down by 3.5%. some of the banks have fallen by six. -- 6%. >> this crisis has always been a crisis of confidence. lately, confidence has improved. markets are doing much better. the ec become a bureau -- the central bank has improved -- the ec beet -- the ecb has improved. we could see up. -- a period of nervousness again. clearly, this is not a good development. >> it is all about the same issue -- austerity and taxes. >> la grande sortie. the exit of their rich friends who are getting out -- of the rich french who are getting out. anybody earning over 75 million -- ov
the way for elections to be held as early as february. mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political parties over the next day or so. to get their advice as we head towards elections, and he is expected then to dissolve parliament and call elections february 24. that is the date people believe most likely will be the date of the vote. >> what is the move of italians right now? would berlusconi actually have any chance with voters? >> the extraordinary thing is that despite his being really comprehensively discredited in the eyes of the rest of the world, a lot of italians seem prepared to fall for his charm and his promises, and he is actually on a medi
of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election due next year. and what abbe is perhaps going to do is to use the government machine as much as possible in order for the budget to be increased to sustain some of the public works because there is another critical juncture coming up because the japanese government is going to have to raise the tax rate for consumption tax. >> japanese economy is now in recession. and this is the third time sips the leaning crisis. the budget deficit is now five times larger than it was in
Search Results 0 to 10 of about 11 (some duplicates have been removed)

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